UMB Financial (NASDAQ:UMBF) Price Target Cut to $160.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut UMB Financial’s price target to $160 from $180 while maintaining an “overweight” rating, implying 24.82% upside from the prior close.
• Analyst sentiment remains positive, with UMB Financial carrying a consensus “Moderate Buy” rating and an average price target of $165.
• Shares fell 1.4% to $128.19, despite the company exceeding quarterly earnings and revenue estimates; institutional investors own 87.78% of the stock.

UMB Financial (NASDAQ:UMBF - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $180.00 to $160.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the bank's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 24.82% from the stock's previous close.

UMBF has been the subject of a number of other reports. Barclays restated an "overweight" rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. Truist Financial set a $170.00 price target on shares of UMB Financial and gave the stock a "buy" rating in a research report on Tuesday, August 4th. UBS Group started coverage on shares of UMB Financial in a report on Monday, September 14th. They set a "neutral" rating and a $155.00 price target for the company. Stephens assumed coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They set an "overweight" rating and a $167.00 price objective on the stock. Finally, Raymond James Financial began coverage on shares of UMB Financial in a research note on Thursday, August 27th. They issued an "outperform" rating and a $165.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, UMB Financial currently has a consensus rating of "Moderate Buy" and an average target price of $165.00.

UMB Financial Trading Down 1.4%

NASDAQ UMBF traded down $1.82 on Thursday, hitting $128.19. 136,158 shares of the stock were exchanged, compared to its average volume of 895,177. UMB Financial has a 52-week low of $68.92 and a 52-week high of $144.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.64 and a beta of 0.77. The company's 50-day moving average price is $142.12 and its two-hundred day moving average price is $133.41.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The company had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the prior year, the company earned $2.96 earnings per share. Research analysts predict that UMB Financial will post 13.53 EPS for the current year.

Insiders Place Their Bets

In other UMB Financial news, Director Susan G. Murphy sold 1,377 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total value of $200,422.35. Following the completion of the sale, the director directly owned 10,635 shares of the company's stock, valued at $1,547,924.25. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Phillip Mason sold 800 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total transaction of $117,600.00. Following the transaction, the insider owned 8,894 shares in the company, valued at approximately $1,307,418. This trade represents a 8.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,544 shares of company stock worth $3,775,862 in the last quarter. Corporate insiders own 5.33% of the company's stock.

Institutional Investors Weigh In On UMB Financial

A number of large investors have recently bought and sold shares of UMBF. First National Bank of Omaha acquired a new stake in shares of UMB Financial in the second quarter worth about $1,053,000. BlackRock Inc. acquired a new position in shares of UMB Financial during the 2nd quarter valued at about $1,458,386,000. Bank of America Corp DE acquired a new position in shares of UMB Financial during the 2nd quarter valued at about $129,153,000. Ceredex Value Advisors LLC acquired a new position in shares of UMB Financial during the 2nd quarter valued at about $14,112,000. Finally, Commerce Bank bought a new position in shares of UMB Financial in the 2nd quarter valued at approximately $4,197,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB's business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.

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